Andrew P
11th May 2012, 09:39 AM
Recently San Miguel Corporation, one of the Philippine largest groups, bought (http://online.wsj.com/article/SB10001424052702303990604577368102422530614.html)a 49% interest in Philippine Airlines and Air Philippines Express. San Mig plans to spend as much as $8.5 billion over the next 10 years to restore Philippine Airlines to its position as one of the region's top carriers and accelerate San Miguel's transformation from a colonial-era brewer to a modern, infrastructure-and-consumer-based conglomerate.
San Mig has now announced it will break ground before the year ends on a 4,000-hectare development near Manila, which will have, as its primary tenant, a four-runway international airport and a modern air terminal capable of handling as many as 100 million passengers a year. It will also have its own electricity source, which will be cheaper than the present modes provided by commercial power producers. (San Mig owns a power station)
As Manila NAIA (MNL) is a one runway airport and terminal 1, the international terminal, recently made the top 10 worst airports of the world, and new airport would be a great asset.
Clark Airport which is about 105km north of Manila and where a number LCC fly is an alternate, but not for the business community going to MNL.
Maybe QF and VA should get into bed and build their own airport near Sydney
San Mig has now announced it will break ground before the year ends on a 4,000-hectare development near Manila, which will have, as its primary tenant, a four-runway international airport and a modern air terminal capable of handling as many as 100 million passengers a year. It will also have its own electricity source, which will be cheaper than the present modes provided by commercial power producers. (San Mig owns a power station)
As Manila NAIA (MNL) is a one runway airport and terminal 1, the international terminal, recently made the top 10 worst airports of the world, and new airport would be a great asset.
Clark Airport which is about 105km north of Manila and where a number LCC fly is an alternate, but not for the business community going to MNL.
Maybe QF and VA should get into bed and build their own airport near Sydney